KeyCorp Has Lowered Expectations for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its price objective cut by KeyCorp from $240.00 to $230.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also recently commented on the company. FBN Securities began coverage on DoorDash in a report on Friday, March 28th. They set an “outperform” rating and a $230.00 price target for the company. Needham & Company LLC reiterated a “buy” rating on shares of DoorDash in a research note on Monday, March 3rd. Wells Fargo & Company increased their price target on DoorDash from $198.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, April 3rd. Truist Financial raised their price target on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Oppenheimer reiterated a “hold” rating on shares of DoorDash in a report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.55.

DoorDash Price Performance

Shares of DASH stock opened at $181.55 on Tuesday. The stock has a market cap of $76.27 billion, a P/E ratio of 672.41 and a beta of 1.69. The company has a fifty day moving average price of $189.69 and a two-hundred day moving average price of $175.88. DoorDash has a one year low of $99.32 and a one year high of $215.25.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the transaction, the chief operating officer now owns 925,222 shares in the company, valued at $167,307,894.26. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. The trade was a 8.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,511 shares of company stock worth $30,308,544. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in shares of DoorDash by 4,131.4% during the 1st quarter. Fifth Third Bancorp now owns 15,233 shares of the company’s stock valued at $2,784,000 after acquiring an additional 14,873 shares in the last quarter. Simon Quick Advisors LLC raised its position in DoorDash by 75.3% in the first quarter. Simon Quick Advisors LLC now owns 3,258 shares of the company’s stock valued at $595,000 after purchasing an additional 1,400 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of DoorDash during the first quarter valued at about $255,000. Franklin Street Advisors Inc. NC grew its holdings in shares of DoorDash by 7,715.3% during the first quarter. Franklin Street Advisors Inc. NC now owns 138,721 shares of the company’s stock worth $25,354,000 after purchasing an additional 136,946 shares during the last quarter. Finally, Abacus FCF Advisors LLC increased its stake in shares of DoorDash by 2.8% in the first quarter. Abacus FCF Advisors LLC now owns 41,259 shares of the company’s stock valued at $7,541,000 after buying an additional 1,122 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.